Bitcoin’s price action has fallen into bearish territory after dropping below 
an important previous low that had supported the rally for months. At the time 
of writing, Bitcoin is trading at $78,560 after falling to as low as $77,082 
in the past 24 hours, a move that crypto analyst XForceGlobal says represents 
a significant change in the technical structure. According to his detailed 
Elliott Wave analysis shared on X, the price action has now invalidated the 
bullish framework many traders were relying on, and lower levels are becoming 
more likely in the coming weeks and months. Related Reading: Ethereum Boost: 
Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open Tech Breakdown 
Below Previous Low Changes Primary Wave Count According to XForceGlobal, 
Bitcoin had been working through a complex sideways structure, specifically a 
WXY combination that was expected to resolve through distribution rather than 
outright breakdown. Bulls managed to complete three of the five required 
components of this triangle-like structure, but the failure to defend the 
prior low was the signal that led to a structural shift. This prior low refers 
to the $82,000 low in November 2025. Bitcoin bulls failed to defend this low 
when the price action broke below $80,000 in the most recent 24 hours. Once 
that level gave way, the primary wave count could no longer be maintained. In 
terms of the Elliott Wave count, that lower low means that price action from 
the all-time high should now be treated as separated and corrective, not part 
of a healthy continuation. This restructuring gives the current decline more 
room to develop from a Fibonacci extension perspective and changes how minimum 
and maximum downside targets should be evaluated. Bitcoin Price Chart. Source: 
@XForceGlobal On X Two Bearish Scenarios Point To The Same Zone The resulting 
analysis shows two main scenarios of how Bitcoin&#8217;s price action can continue 
from here, both of which are converging on similar downside levels. The first 
is a flat correction, where Bitcoin is currently unfolding a C wave. Although 
XForceGlobal describes this as the least attractive option, it would still 
imply a full distribution range that invalidates a bullish structure and drags 
the Bitcoin price to as low as $60,000. The second scenario is a macro ending 
diagonal structured as a WXY move to the downside. This scenario uses the 
October 2025 all-time high above $126,000 as a cut point to improve wave 
separation of the current price action. Interestingly, the price projection 
from this scenario also aligns with targets in the same $60,000 area. Despite 
different technical paths, both interpretations point to comparable downside 
risk over the medium timeframe. Related Reading: Crypto Funds Bleed $1.80 
Billion As Metals Rally Heats Up Now that the larger structure is now 
compromised, XForceGlobal says it makes sense to adopt a shorter-timeframe 
bearish bias while reorganizing the next wave count. The outlook is that 
Bitcoin continues its decline to at least $60,000 before rebounding to stage a 
return above $100,000. Featured image from Pixabay, chart from TradingView

Bitcoin Breaks Key Support, Analyst Signals Lower Levels Ahead

Crypto is shedding speculation and embedding itself into everyday finance, 
with quiet adoption, tokenization, and institutional integration pushing 
digital assets toward a normalized role by 2026, according to Ripple’s legal 
chief. Crypto’s Quiet March Toward the Financial Mainstream Crypto is pushing 
past skepticism and cementing its place in mainstream finance and daily life. 
Ripple chief […]

Ripple Legal Chief Identifies 3 Bullish Forces Pushing Crypto Into Mainstream Finance

New CryptoQuant data shows how January’s US winter storm disrupted Bitcoin 
mining as operators curtailed power use amid grid stress.

Bitcoin miner production data reveals scale of US winter storm disruption

By the numbers, January 2026 saw long-sleeping wallets from the 2010–2017 era 
finally stretch their legs, moving about 4,905.98 BTC—worth roughly $383 
million at today’s exchange rates—after years of radio silence. Digging 
deeper, the data shows that 40.77% of those spends came from truly ancient 
bitcoin—coins traced back to 2010 block rewards that have been […]

Sleeping Stashes Blink: Early Bitcoin Wallets Shift Nearly 5,000 BTC in January

Markets have been loud this week. Precious metals punched through records, then gave back much of their gains, while major crypto tokens barely budged. That contrast is what has people talking. Related Reading: Ethereum Boost: Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open Tech Gold’s Sudden Market Jump According to posts on X by market commentators, gold’s capitalization rose by roughly $2.2 trillion inside a single trading session. That move pushed the metal into an eye-catching valuation that dwarfs many crypto assets. That figure equals nearly 20 times the entire market cap of XRP, which sits close to $103 billion based on recent prices. Bitcoin, valued near $1.77 trillion at the same time, was also overtaken by gold’s one-day gain. The scale of the move stunned many, even those used to seeing large swings in commodities. The raw math is hard to ignore: a small percent move in an enormous market turns into huge dollar figures fast. Gold has added $2.2 trillion to its market cap just today$BTC its market cap is $1.78 trillion pic.twitter.com/WUBlUrzwpl — Quinten | 048.eth (@QuintenFrancois) January 28, 2026 Why The Numbers Can Mislead Several traders replied that the headline number is a quirk of scale. Because the gold market is so big, even modest percentage swings create massive nominal changes. This point was made repeatedly in replies to the initial posts. Market depth and the sheer size of holdings mean that price shifts are not always driven by fresh trillions of dollars flowing in or out. For smaller assets, a much smaller pile of capital can push price sharply. That’s the key difference when comparing bullion to crypto. Silver’s Rapid Reversal Reports have disclosed that silver’s run was especially volatile. After a blistering ascent, silver fell sharply, wiping away a large slice of its peak gains within days. Such whipsaws show how quickly sentiment can flip when traders rush to lock in profits or cut losses. The move illustrates how headline statistics — peak valuations and sudden drops — can create a distorted sense of permanent change when markets are actually very fluid. Related Reading: Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up Crypto’s Position And The Mirror Math XRP and Bitcoin did not match metals’ fireworks. Based on current figures, some commentators ran simple scenarios: if XRP matched silver’s percentage increase, its price would be several times higher than today; if Bitcoin mirrored gold’s surge, it would be far above current levels. Those calculations are described as purely illustrative. Reports say they are mathematical exercises rather than forecasts, since many factors — token supply, investor appetite, regulation, and liquidity — will determine real outcomes. Featured image from Pexels, chart from TradingView

Cryptocurrency price in KWD